Kia India to Raise Vehicle Prices by Up to 3% Starting April 1
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Synopsis
Kia India is set to increase vehicle prices by up to 3 percent from April 1 due to rising commodity costs and supply chain challenges. The company aims to maintain quality and value for customers while absorbing some of the cost increases.
Key Takeaways
- Kia India is raising prices by up to 3 percent.
- The price hike will be effective starting April 1.
- Rising commodity and supply chain costs are the main reasons.
- Kia aims to minimize customer impact by absorbing some costs.
- This aligns with recent hikes by Tata Motors and Maruti Suzuki.
New Delhi, March 18 (NationPress) Kia India revealed on Tuesday that it will implement a price increase of up to 3 percent across its complete range, effective April 1.
The automaker explained that this decision was prompted by rising commodity prices and escalating supply chain expenses.
“As a brand dedicated to delivering outstanding value and quality to our customers, we have consistently aimed to provide the best vehicles at competitive prices,” stated Hardeep Singh Brar, Senior Vice President of Sales and Marketing at Kia India.
He further noted that due to the increasing costs of commodities and input materials, they will be raising prices by up to 3 percent across all Kia models effective from April 1, 2025.
“We recognize that price adjustments can be difficult, but this decision is essential to ensure we can continue offering the high-quality, technologically advanced vehicles that our customers anticipate from Kia,” Brar added.
Nonetheless, the company assured that in an effort to lessen the impact on customers, Kia is absorbing a substantial portion of the increased costs, thus making the price adjustment as manageable as possible for their valued clientele.
This move is in line with Tata Motors and Maruti Suzuki India Limited, both of which have also announced price hikes for their vehicles.
The automakers cited rising input costs, operational expenditures, and inflationary pressures as the primary factors for the price revisions.
With Kia India, Tata Motors, and Maruti Suzuki all raising prices, industry analysts speculate that other manufacturers may soon follow suit.
Meanwhile, Kia India has solidified its position as a formidable player in the domestic automotive market, having sold a total of 1.45 million units both in India and internationally.
The Seltos continues to be the company’s top-selling model, with over 690,000 units sold. The Sonet follows closely with more than 500,000 units sold, while the Carens has recorded over 232,000 sales.
The Carnival has also contributed to Kia’s achievements, with over 15,000 units sold.
In line with the government’s ‘Make in India’ initiative, Kia commenced its journey in India in April 2017, signing an agreement with the Andhra Pradesh government to establish a manufacturing facility in Anantapur district.
The company began mass production in August 2019 and boasts an annual production capacity of 300,000 units.
